Ark Invest Buys $39M of Robinhood, Sells $6M Bitcoin ETF

Ark Invest reported it purchased about $39 million of Robinhood Markets shares and sold roughly $6 million of holdings in a spot Bitcoin exchange-traded fund in its most recent trade disclosure. The filings were included in the firm’s routine trading updates.

The $39 million purchase added shares of Robinhood Markets Inc., listed under the ticker HOOD, to Ark’s holdings. The disclosure did not identify which Ark fund or account executed the purchase or the exact number of shares involved.

The roughly $6 million sale reduced Ark’s stake in a spot Bitcoin ETF the firm manages in partnership with 21Shares. Spot Bitcoin ETFs hold actual Bitcoin for shareholders rather than offering exposure through futures contracts. Ark’s filings did not state which fund sold the shares or provide a reason for the reduction.

Ark Invest issues daily trade summaries for its actively managed ETFs and has regularly adjusted equity and crypto-related positions since it began that practice. The firm’s public disclosures list transactions but do not include management commentary on timing or strategy.

Robinhood, which went public in 2021, operates a commission-free trading platform for stocks, options and cryptocurrencies. The company generates revenue from payment for order flow, subscription services and crypto trading, among other sources.

Investors and market participants commonly use Ark’s daily trade reports and subsequent regulatory filings to track fund-level activity and changes in position sizes over time. Ark did not provide additional explanation for the trades in the disclosure.